April -
Closing of the Private Placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. The net proceeds of the Private Placement are intended to be used for exploration on mineral properties and for working capital purposes in 2024.
Pursuant to the terms of the Unit Offering, each unit is comprised of one common share of the Company 3,200,000 (each, a 'Unit Share') and one common share purchase warrant 3,200,000 (each warrant a 'Warrant').? Each Warrant shall entitle the holder to purchase one common share of the Company (each, a ??'Warrant Share') at a price of
ABOUT STREADRIGHT CRITICAL MINERALS INC.
Contact:
Independent Director
Tel: (647)-637-8608
Email: info@steadright.ca
Web: www.steadright.ca
This news release contains certain forward-looking information. All statements included herein, other ?than statements of historical fact, are forward-looking information and such information involves ?various risks and uncertainties. In particular, this news release contains forward-looking information in ?relation to: the Private Placement, including, the magnitude of the Private Placement, the closing of the ?Private Placement, the potential use of proceeds of the Private Placement, the potential exemptions used for the ?Offering and any potential finder's fee paid on the Offering. There can be no assurance that such ?information will prove to be accurate, and actual results and future events could differ materially from ?those anticipated in such information. This forward-looking information reflects Steadright's current ?beliefs and is based on information currently available to Steadright and on assumptions Steadright ?believes are reasonable. These assumptions include, but are not limited to: the current share price of ?Steadright's common shares; CSE acceptance and market acceptance of the ?Private Placement; Steadright's current and initial understanding and analysis of its projects; Steadright's general ?and administrative costs remaining constant; market acceptance of Steadright's business model, goals ?and approach and the feasibility and reasonableness of conducting exploration on and developing any ?of Steadright's projects.
Forward-looking information is subject to known and unknown risks, ?uncertainties and other factors which may cause the actual results, level of activity, performance or ?achievements of Steadright to be materially different from those expressed or implied by such forward-?looking information. Such risks and other factors may include, but are not limited to: there is no ?certainty that the ongoing work programs will result in significant or successful ?exploration and ?development of Steadright's properties; uncertainty as to ?the actual results of exploration and ?development or operational activities; uncertainty as to the availability and terms of ?future financing on ?acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; ?general business, economic, competitive, political and social uncertainties; capital market conditions ?and market prices for securities, junior market securities and mining exploration company securities; ?commodity prices; the actual results of current exploration and development or operational activities; ?competition; changes in project parameters as plans continue to be refined; accidents and other risks ?inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory ?approvals; changes in legislation, including environmental legislation or income tax legislation, affecting ?Steadright; conclusions of economic evaluations and lack of qualified, skilled labour or loss of key ?individuals.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ?securities in
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